Saturday 12 September 2009

Bank holds rates at record low

MPC held the rates on 0,5% (record low) to increase income, and £175 billions for investment.
Mervin Kings proposal for £75 billion for fiscal stimulus, was outvoted by the MPC. So people are starting to get a little restless and irritable, and waiting for the MPC to do something, even the marked, on every plan, is going well.

Link to the article: http://www.independent.co.uk/news/business/news/bank-holds-rates-at-record-low-1784780.html



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